NU Online News Service, May 10, 12:32 p.m. EDT
Boston-based insurer Liberty Mutual Group said today that its subsidiary, Liberty Mutual Agency Corporation (LMAC), has filed with the Securities and Exchange Commission to make an initial public offering.
Liberty Mutual said that LMAC consists substantially of its agency markets strategic business unit. The company said the SEC's review of the common stock offering is expected to be completed in the third quarter of this year.
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